The complex nature of procuring commercial gas and electricity supply contracts in the ever evolving energy industry can often seem confusing and overwhelming. Our aim is the simplify this for our customers and help develop a bespoke solution that works best for your business needs. Determining the correct contract type, Fixed – Wholesale – Flexible, is the most important initial stage of the procurement process which many customers overlook.

Innovate’s knowledge and market experience allows us to negotiate best prices in the market and maximise savings, whilst also factoring in the level of service provided by supplier and correct contract structure.

At Innovate we feel consistently collecting and analysing consumption data is crucial in driving meaningful change in how an organisation uses energy and adjusts their behaviour accordingly. Understanding your electricity Quarter Hour data and gas Daily Metered data is also important to identify any discrepancies or anomalies prior to settlement by the Supplier. Ensuring consistency in your consumption can additionally give customers peace of mind in terms of any MIC (Maximum Import Capacity) or SPC (Supplier Point Capacity) penalty breaches.

Innovare are continually tracking energy markets and providing insight in a concise manner to our clients. We encourage all our customers, no matter what contract type, to follow the markets regularly to stay informed, especially in the current climate of much geopolitical tension.

Our aim is to provide accurate market updates to help our customers understand the key drivers in determining their final energy price. We also explain the implications from any regulatory market passthrough changes that are enacted by the market operators.

In an age where energy market volatility has become the norm, having a risk strategy in place for your large commercial use has never been more important. Innovate encourages all large users to determine a strategy which best aligns to the customers needs.

We outline a forward purchasing strategy which ensures price competitiveness across the year and protects against shocks in the market. This will also offer our clients a price and budget certainty and creates control over the energy spend.

Innovate are committed to encouraging all customers to contract to a Green renewable supply contract, whilst also understanding the additional cost. Innovate can guide you through the different levels of renewable contracts suppliers currently offer, Supplier Portfolio Green, European Certified Green, Irish Certified Green.

Customers can also avail of a Power Purchase Agreement of a Corporate Power Purchase Agreement which links your supply contract directly to an Irish renewable asset. Innovate can assist in simplifying these offerings to our clients and determine if a longer term PPA or a shorter-term CPPA is best suited.

Large Daily Meters and Daily Meters are often seen as complex gas contracts within the energy industry. Innovate has vast experience of dealing with some of the largest gas users in the country. There are certain key elements which need to be considered with these large volume sites, such as annual/monthly/daily capacity bookings, capacity discounts, SPC review, appropriate management fee, trading restrictions/fees. Innovate will assist in finding a suitable supplier that enables LDM and DMs to hedge volume forward in line with the customers risk management strategy, at market reflective prices.

In recent times we’ve seen LDM & DM customers explore the option of greening a portion of their supply via Biomethane. Biomethane is a carbon-neutral renewable gas made from farm and food waste through anaerobic digestion. Understanding the source, type and cost of Biomethane is something Innovate can guide clients through.

Many organisations have ambitious net zero targets, but the journey may seem daunting. What technologies should you invest in, are they future proofed, what are the risks involved to your business, how can you fund this effectively? With Innovate’s experience and contacts within the industry we can guide our customers in the right direction to build a credible decarbonisation strategy.

Innovate can also support customers energy efficiency projects through the EEOS (Energy Efficiency Obligation Scheme) which may result in additional funding.

There has been a significant decrease in the cost of Solar PV in recent years, providing improved payback periods for businesses, particularly large energy users. There are many benefits of solar PV such as, instant reduction on energy bills, enhancing your energy resilience by protecting against market price volatility, boosting your brand reputation. There is also funded solutions also available in the market via Power Purchase Agreements which offers customers the opportunity to invest at no upfront cost.

Many energy savvy customers are securing an additional source of revenue by selling excess electricity back to the grid, Innovate can advise on the most beneficial mirco/mini generation rates available in the market.

One of the most significant developments in the Irish energy industry in recent years has been the introduction of Data Centre demand on our already pressurised electricity grid. Currently over 20% of Irelands total electricity demand is driven by data centres, with this expected to increase in the coming years.

Grid connection, back up generation, credit risk and competitive pricing are all challenges that data centres in Ireland face. Innovate’s experience in procuring, managing and implementing contracts in this segment of the market can add critical value to Data Centre clients.)